MPC Energy Solutions secures exclusivity for two projects in Colombia and the Eastern Caribbean and continues to grow its pipeline
Amsterdam/Oslo – 1 March 2021 – MPC Energy Solutions NV has seen a strong start to its operations since its recent IPO. On 11 January 2021, it was announced that MPC Energy Solutions had successfully raised a total of USD 100 million in advance of its listing on Oslo Stock Exchange’s Euronext Growth segment on 22 January 2021.
Since then, MPC Energy Solutions made significant progress in the execution of its project pipeline and secured exclusivity for two projects in Colombia and in the Eastern Caribbean. The solar and energy efficiency projects have a total investment volume of USD 30 million with a potential expansion to USD 55 million reaching a total installed capacity of 50 MW in 2022. Due diligence is expected to be finalized shortly.
MPC Energy Solutions expects that it will secure further exclusivity agreements in the upcoming weeks. The steadily growing project pipeline includes wind, solar and energy efficiency projects. In line with the company’s strategy and initial geographical focus, all projects are located in Latin America and the Caribbean region, with a healthy mix of national and corporate off-takers.
Martin Vogt, CEO of MPC Energy Solutions, said: "We are excited to add two exclusive project opportunities to our project pipeline. We are working hard to provide strong returns for our investors while keeping our commitment to the energy transition in Latin America and the Caribbean. Our diversified portfolio of projects caters to the energy needs of South America and the Caribbean while helping to lower the carbon footprint of the region.”
MPC Energy Solutions recently announced the closing of an asset development agreement and strategic partnership with Enernet Global, a distributed energy service company that develops microgrid projects in Latin America, Africa, Australia and Asia. The partnership is set to open a number of further opportunities for MPC Energy Solutions moving forward.
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About MPC Energy Solutions NV MPC Energy Solutions is a global provider of sustainable energy and primarily focuses on low-carbon energy infrastructure, including solar and wind assets, and other hybrid and energy efficiency solutions. The company participates in full project lifecycle of renewable solutions, from early-stage development through construction and operation. More details at www.mpc-energysolutions.com
Media contacts: MPC Energy Solutions NV Stefan Zenker, Gabriele Gottschalk Investor Relations & Public Relations Phone. +49 40 38022-4200 Email: infonoSpam@mpc-energysolutions.com
MPC Energy Solutions closes asset development agreement and strategic partnership for projects in the Caribbean and Asia Pacific
Hamburg/Oslo – 05 February 2021 – MPC Energy Solutions has announced the closing of an asset development agreement and strategic partnership with Enernet Global, a distributed energy service company that develops microgrid projects in Latin America, Africa, Australia and Asia. The new partnership provides the company with access to the growing microgrid sector in established and new markets.
The news of the partnership follows an investment into Enernet Global that has seen MPC Energy Solutions become a minority shareholder of the company. Enernet Global will develop the asset pipeline and performs the construction management. MPC Energy Solutions will acquire the projects prior to construction start and remain the long-term asset owner.
MPC Energy Solutions will have access to Enernet Global’s project pipeline in target markets, which utilize a combination of solar PV, wind, battery, hydro, and/or combined heat and power technologies with clients (off-takers) from the corporate and utility sector. The partnership will also help MPC Energy Solutions further extend its pipeline of renewable energy projects in the Caribbean as well as enter the Asia-Pacific region, where it will look to grow its portfolio.
Martin Vogt, CEO of MPC Energy Solutions, said: "This new partnership with Enernet Global will further accelerate our growth and deployment of assets. We remain strongly committed to the energy transition in Latin America and the Caribbean, but also see excellent opportunities in Asia Pacific. It is also a steppingstone that will see us move into new regions where we can continue to deliver strong returns for our shareholders while helping us with our main aim to reduce carbon emissions.”
Paul Matthews, CEO of Enernet, commented: “The partnership with MPC Energy Solutions will help us to achieve our mission to reduce dependence on fossil fuels. Globally, many businesses and utilities still rely on diesel-generated power, while others suffer losses from costly power outages. Our Energy-as-a-Service model drives savings and delivers significant carbon emission reductions while providing more resilient systems and energy independence. Enernet Global and MPC Energy Solutions share a commitment to the advancement of the global energy market and a sustainable, renewables-based energy transition.”
The news follows the launch of MPC Energy Solutions and its private placement directed towards institutional investors, where the new platform raised a total of NOK 857 million (USD 100 million) in advance of its listing on Oslo Stock Exchange’s Euronext Growth segment.
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About MPC Energy Solutions MPC Energy Solutions is a global provider of sustainable energy and primarily focuses on low-carbon energy infrastructure, including solar and wind assets, and other hybrid and energy efficiency solutions. The company participates in full project lifecycle of renewable solutions, from early-stage development through construction and operation. More details at www.mpc-energysolutions.com
About Enernet Global Inc Enernet Global is a distributed energy service provider that finances, builds, owns and operates microgrids, lowering costs and. Built on the company’s proprietary software platform, Enernet Global’s Energy-as-a-Service offering benefits on- and off-grid customers by providing less expensive, more resilient power solutions at no capital outlay for customers.
Enernet Global has operations in Australia, the Philippines, the Caribbean and Sub-Saharan Africa, where it focuses on power solutions for sectors that include island development, mining, commercial and industrial, remote communities, agriculture, utilities and hospitality.
MPC Capital AG / MPC Energy Solutions NV Stefan Zenker Head of Investor Relations & Public Relations Phone. +49 40 38022-4347 Email: s.zenkernoSpam@mpc-capital.com
MPC Capital launches MPC Energy Solutions as new renewable energy platform
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MPC Capital launches MPC Energy Solutions as new renewable energy platform
Private Placement of USD 100 million ahead of Euronext Growth Oslo listing
MPC Energy Solutions offers integrated business model for renewable energy projects
Pipeline of more than 500 MW of installed capacity in The Caribbean and Latin America
Hamburg/Oslo, 11 January 2021 – MPC Capital AG (Deutsche Börse Scale, ISIN DE000A1TNWJ4) has initiated a new renewable energy platform under the brand “MPC Energy Solutions”. In a private placement directed towards institutional investors, MPC Energy Solutions NV has successfully raised a total of NOK 857 million (USD 100 million) in advance of its listing on Oslo Stock Exchange’s Euronext Growth segment. The Private Placement attracted strong interest from Nordic and international high-quality investors and was multiple times oversubscribed.
MPC Energy Solutions was established by MPC Capital to capitalize on the growing demand for sustainable and cost-competitive low-carbon energy infrastructure. As a developer, operator and owner of clean energy assets, it will support the transition towards a net zero-emission future. MPC Energy Solutions will develop and invest in renewable energy generation including utility-scale solar PV and wind farms, energy storage, co-generation as well as other infrastructure that helps reduce energy consumption and carbon emissions.
Fully in line with its institutional co-investment strategy, MPC Capital has co-invested in the newly listed company.
Ulf Holländer, CEO of MPC Capital, said: “We have a strong team with a proven track record in renewable energies of more than ten years and made great strides towards becoming the leader in renewable energy infrastructure in the region of Latin America and The Caribbean. We look forward to further develop our renewable energy business as we continue to offer our investors the opportunity to capitalise on a strong growth sector with an ever-growing global demand for new projects.”
“The successful initiation of MPC Energy Solutions underlines the ability of the MPC group to tap capital markets for attractive real asset investment strategies. In doing so, Oslo Stock Exchange was an obvious choice in our search for the most suitable marketplace. The impressive track record with renewable companies provides for an educated and professional domestic and international investor base for companies like MPC Energy Solutions,” he said.
Integrated business model MPC Energy Solutions will cover the full life cycle of a project by implementing an integrated business model. The Company will serve as the owner, developer and operator of the projects, helping to ensure these meet the highest possible standards while maximising the generated returns. The renewable projects are located mostly in emerging markets, which enables capital inflow in these countries.
Martin Vogt, CEO of MPC Energy Solutions, said: “The clean energy sector has matured materially in the past 10-15 years, but the environment is changing, and the simple deployment of solar PV and wind technology is often not sufficient anymore. The industry and our clients require solutions that provide around the clock low carbon, cost-competitive and reliable power supply. Therefore, it becomes critical to design projects that meet such demand utilizing different generation and storage technologies.”
Strong pipeline “The company aims to implement projects with more than 500 MW of installed capacity of low carbon and renewable energy infrastructure over the next two years. Given our local presence and strong experience within the Caribbean and Latin America, we will build a first series of projects here before expanding into other parts of the world. In our core markets, the clean energy sector requires about USD 18 billion of investment in the coming decade. We aim to become the leading contributor to the energy transition in the region and beyond,” Mr Vogt said.
The Private Placement of MPC Energy Solutions was marketed by Fearnley Securities AS and SpareBank 1 Markets AS as Joint Lead Managers and Bookrunners. Advokatfirmaet Wiersholm AS has acted as Norwegian legal counsel.
About MPC Capital AG (www.mpc-capital.com) MPC Capital AG is an international asset and investment manager for real asset investments. Together with its subsidiaries, the company develops and manages real asset investments and investment products for international institutional investors, family offices and professional investors. Its asset categories of focus are Real Estate, Shipping and Infrastructure. MPC Capital AG is listed on the stock exchange (MPCK) since 2000 and has around 280 employees group-wide.
About MPC Energy Solutions (www.mpc-energysolutions.com) MPC Energy Solutions is a global provider of sustainable energy and primarily focuses on low-carbon energy infrastructure, including solar and wind assets, and other hybrid and energy efficiency solutions. The company participates in full project lifecycle of renewable solutions, from early-stage development through construction and operation.
MPC Capital AG / MPC Energy Solutions NV Stefan Zenker Head of Investor Relations & Public Relations Phone. +49 40 38022-4347 Email: firstname.lastname@example.org
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